Bearish flow noted in Cenovus Energy with 8,977 puts trading, or 6x expected. Most active are Feb-23 19 puts and Feb-23 19 calls, with total volume in those strikes near 5,000 contracts. The Put/Call Ratio is 1.55, while ATM IV is up over 4 points on the day. Earnings are expected on February 8th.
Published first on TheFly
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